Home/Countries/Greece/R&D Spending (% of GDP)

Greece—R&D Spending (% of GDP)

Category: TechnologySource: World Bank World Development Indicators ↗Global Rank: #30 of 114Series years: 2001–2023
Latest Value
1.49%
2023
YoY Change
+1.2%
2022 → 2023
Global Rank
#30
of 114 countries
Maximum
1.49%
2023
Minimum
0.54%
2004
CAGR
+4.4%
22 years
Last
1.49%
Previous
1.48%
Highest
1.49%
Lowest
0.54%
Unit
% of GDP
Source
World Bank World Development Indicators

Greece's R&D spending (% of GDP) was 1.49% in 2023, ranking #30 out of 114 countries. This represents a +1.2% change from 2022. Over the past 22 years, the highest recorded value was 1.49% (2023) and the lowest was 0.54% (2004). Data sourced from the World Bank World Development Indicators.

Greece — R&D Spending (% of GDP): 1.4943 % of GDP for reference year 2023. Source: World Bank (World Development Indicators). Reference year does not establish final observed status; publisher vintage is not verified here.
Source: World Bank World Development Indicators

Historical Data

YearValueChange
20231.49%+1.2%
20221.48%+3.0%
20211.43%-3.7%
20201.49%+17.9%
20191.26%+4.6%
20181.21%+5.0%
20171.15%+14.3%
20161.01%+3.5%
20150.97%+14.9%
20140.85%+2.8%
20130.82%+14.4%
20120.72%+5.2%
20110.68%+13.0%
20100.60%-4.6%
20090.63%-5.5%
20080.67%+14.7%
20070.59%+2.6%
20060.57%-3.7%
20050.59%+9.5%
20040.54%-3.7%
20030.56%-2.8%
20010.58%

Top Countries — R&D Spending (% of GDP)

#CountryValueYear
1Israel6.35%2023
2Liechtenstein6.01%2023
3Korea, Rep.4.94%2023
4Sweden3.60%2023
5United States3.45%2023
6Japan3.44%2023
7Belgium3.27%2023
8Austria3.26%2023
9Switzerland3.22%2023
10Germany3.15%2023
View all 114 countries →

About This Indicator

Definition

Gross domestic expenditures on research and development (R&D), expressed as a percent of GDP. They include both capital and current expenditures in the four main sectors: Business enterprise, Government, Higher education and Private non-profit. R&D covers basic research, applied research, and experimental development.

Methodology

Data compiled by Stat Bulk Data Download Service, UN Educational, Scientific and Cultural Organization (UNESCO), uri: https://databrowser.uis.unesco.org/resources/bulk, publisher: UNESCO Institute for Statistics (UIS), date accessed: 2025-03-26, date published: 2025-02.

Unit

% of GDP

Source: World Bank (World Development Indicators)Available series: 2001–2023View original source →